Question : What is the rate of interest (in %), if simple interest earned on a certain sum for the 3rd year is INR 2,000 and compound interest earned in 2 years is INR 4,160?

Option 1: 8

Option 2: 10

Option 3: 12

Option 4: 6

Question : The simple interest on a certain sum of money for 2 years at 5% is Rs. 1600. The compound interest at the same rate after 3 years (interest compounded annually) is:

Option 1: Rs. 2520

Option 2: Rs. 2522

Option 3: Rs. 2555

Option 4: Rs. 2535

Question : The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. The rate of interest per annum is:

Option 1: 6%

Option 2: 7%

Option 3: 8%

Option 4: 9%

Question : If the difference between the compound interest and simple interest on a sum of money for 3 years is Rs. 186, find the sum of money, if the interest rate in both cases is 10%.

Option 1: Rs. 5,500

Option 2: Rs. 7,200

Option 3: Rs. 6,500

Option 4: Rs. 6,000

Question : The difference between simple and compound Interest compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 8. The sum is:

Option 1: Rs. 10,000

Option 2: Rs. 20,000

Option 3: Rs. 5,000

Option 4: Rs. 15,000